MECU Gives. When Buying a Home!

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1 SUMMER 2014 m E C U o f b a l t i m o r e, i n c. MECU Gives You Options When Buying a Home!

2 MECU Gives you Options When Bu y i n g a Ho m e! Talk With Us...an FHA Loan May Be the Solution! If you think you can t afford to buy a home or qualify for a mortgage, talk with us! In addition to the traditional conventional mortgage loans that usually require a higher down payment, MECU also offers FHA loans, insured by the Federal Housing Administration, that may help make buying a home easier especially for first-time homebuyers and homebuyers with less than the down payment typically required on a conventional mortgage loan. Here Are Just a Few Advantages of FHA Loans Low Down Payment, as little as 3.5% Seller assistance up to 6% of purchase price 100% of gift funds allowed towards your down payment Less restrictive credit requirements than conventional loans Access to home buying incentives from local and federal partners to further assist with down payment and closing costs Buy in Baltimore, Get a Discounted Home Loan Do you love city living? Or, are you an empty nester wanting a smaller home near all the excitement of Baltimore City? Take a look at MECU s Buy in Baltimore program. You choose the conventional MECU mortgage product that is best for you, 30-, 20-, 15- or 10-year terms, and we reduce the interest rate by.25%*! MECU even pays loan interest rebates** on conventional mortgages! You can pre-qualify for a Buy in Baltimore mortgage 24/7 right online at mecu.com/mortgage or call *Must have, or open, a MECU checking account with direct deposit and direct payment. Rate discount is not available on FHA loans. **Certain conditions apply. Subject to annual Board approval. Loan interest rebate is not available on FHA loans. To learn more about FHA loans 24/7 or to pre-qualify call or visit MECU.com/mortgage. 1 On Your Account

3 MECU Ch e ck i ng Acco u n t s Sav e Yo u Mo n e y Does your checking account pay you every month? If it doesn t then you don t have a MECU checking account! Take a look at the benefits of MECU s different accounts. Go to the Personal Services tab on the MECU website and click on Checking accounts. Choose the account type that s best for you and fill out the application available online. Free Checking provides you with banking basics while earning interest! MECU s Free Checking is an interest bearing checking account that gives you convenient features with no minimum balance requirements and no monthly maintenance fee. Free online banking and bill pay Free mobile banking and mobile deposits Visa Debit card with no annual or monthly fee. Get cash at any of the thousands of ATMs in our network, or pay for purchases anywhere Visa is accepted. CURewards. Earn rewards on qualifying signature-based purchases using your Visa Debit card. CashBack Checking it s free and we pay you every month. It s easy to qualify for cash back on everyday Debit card purchases* and for nationwide ATM fee refunds*. 3% cash back on Debit card purchases that post and clear your checking account Nationwide ATM fee refunds, up to $20 per cycle*** No monthly maintenance fee No minimum balance requirements Free Online Banking and Bill Pay Free Visa Debit Card RewardChecking it s hard to find interest rates like this! MECU s RewardChecking provides you with an amazing interest rate AND ATM fee refunds with all the conveniences for everyday banking needs. 2.51% APY** on balances between $0 and $9, % APY** on amount of balance $10, and over 0.10% APY** on all balances when qualifications are not met Nationwide ATM fee refunds up to $20 per cycle*** No monthly maintenance fee No minimum balance requirements Free Online Banking and Bill Pay Free Visa Debit Card To qualify for CashBack Checking and RewardChecking you need to: Have at least 12 Debit card purchases post and clear the checking account during the qualification cycle Have at least 1 direct deposit, 1 Bill Pay or 1 automatic ACH payment post and clear to the checking account Receive free E-statements To qualify for CashBack Checking or RewardChecking all required transactions must be completed and cleared within the above cycles dates. Transactions posted after a specific month s qualifying period will be counted toward the subsequent month s totals * Monthly CashBack payment based on qualifying transactions. Minimum to open account is $25. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. ** Minimum to open account is $25. Annual Percentage Yield (APY) accurate as of 5/31/14. RewardChecking rate tiers: 2.51% APY applies to balances of $0 - $9, and 0.75% APY applies to balances of $10, and over if qualifications are met during the monthly qualification cycle. 0.10% APY applies to all balances if monthly qualifications are not met. All balances will earn 0.51% APY 3.01% APY if monthly qualifications are met. Rates may change after the account is opened. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. *** ATM fee reimbursements up to $20 provided only if qualifications are met within the monthly qualification cycle. Checking account only. Summer

4 MECU Says Goodbye to Bert J. Hash Jr. After a 17 year career as President and CEO of MECU of Baltimore Inc., Bert J. Hash Jr. retires and begins the next phase of his life. Bert and Joan Hash greet their many friends and well wishers. Inset Left: Congressman Elijah Cummings reads a proclamation congratulating Bert Hash. Inset Right: Baltimore Mayor Stephanie Rawlings-Blake declares June 13, 2014, Bert J. Hash Jr. Day. During Hash s tenure MECU grew from one branch to 11 branches around the Baltimore metropolitan area, assets grew from $400 million to over $1.3 billion and membership grew to over 106,000. After spearheading that kind of growth, Hash s colleagues and friends would not let him go quietly. On Friday, June 13, over 600 people gathered at Martin s West to wish Bert Hash the best of luck in his retirement. Well wishers included some of Baltimore s best known politicians including Congressman Elijah Cummings and Baltimore Mayor Stephanie Rawlings-Blake. Members of the African American Credit Union Coalition, which Hash helped form, came from across the country. Luminaries from Morgan State University shared with the other well wishers Hash s commitment to the university as an alumnus and as a board member for the business school. Members of numerous community groups joined together to thank Hash for the many partnerships developed with MECU under his leadership. This outreach to the community has become a hallmark of the credit union which has received numerous awards for its programs. The MECU Board of Directors, represented by Chairman Herman Williams Jr., thanked Hash for the strong partnership they developed which let them work as a strong, dynamic team to develop the growth of MECU for the benefit of the members. This has been the most rewarding part of my career, said Hash, working with the wonderful team at MECU to develop an exceptional financial institution to serve the people of the community I love. At Right: Former MECU COO Andy Pataki and Board Chairman Herman Williams Jr. watch Bert Hash cut a special cake celebrating his retirement. 3 On Your Account

5 Protect Yourself From High Repair Bills It never fails...the warranty on your car runs out and two weeks later you re hit with a major repair bill! Protect yourself and your wallet from situations like this by purchasing Extended Warranty Protection (EWP) for your new or used vehicle. Pr o t e c t Yo u r Cr ed i t in t h e e v en t o f Un e m p l o y m e n t, Disability, even Death Most of us take out a loan when we make a big purchase so we can pay it off over time. But sometimes things happen out of our control that can make it difficult to repay. Even if your vehicle is within the manufacturer s warranty, you may still benefit from purchasing EWP now. Mileage and vehicle age factor into the cost of EWP. The sooner you purchase your protection, the less it will cost. Plus, you get the Roadside Assistance Program and car rental reimbursement benefits immediately and for the life of your extended warranty. Learn more and get a free, no obligation quote online at MECU.com/ExtendedWarranty or visit one of our branches. Protect Your Vehicle From Theft or Accident New cars lose value the minute you drive them off the parking lot and depreciate faster than you pay off your loan. If you have an accident before your car loan is paid off the insurance may not cover the amount you owe. Guaranteed Asset Protection Plus (GAP Plus) helps you prepare for the unexpected. GAP Plus will help cancel the difference between your insurance settlement (amount they value your vehicle) and what you may still owe on your car loan. Plus, if your vehicle is stolen or totaled in an accident, we will cancel $1,000 of your next MECU car loan when you purchase a replacement vehicle within 60 days of your insurance settlement. If a protected life event happens to you (and you re a protected borrower or co-borrower on the loan), MEMBER S CHOICE Borrower Security* will cancel or waive your loan payment(s), up to the contract maximums helping to lessen your worries, and your family s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include: Loss of life, including those caused by acts of war Disability, including those caused by acts of war Involuntary unemployment Call ext. 1532, or visit one of our branches today to start protecting your MECU loan(s) with MEMBER S CHOICE Borrower Security*. *Your purchase of MEMBER S CHOICE Borrower Security is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. Unique ID & Copyright DPGAP C6F, CUNA Mutual Group 2014, All Rights Reserved. Learn more and request GAP Plus today at MECU.com/GAP, or visit one of our branches. Summer

6 Everyday Sav i ng s Ma d e Ea sy w i t h MECU a n d Invest in America As a MECU member, you can experience one-stop shopping and great discounts all at one place LoveMyCreditUnion.org. One visit to Invest in America s website and you ll soon discover fantastic savings on wireless service and phones with Sprint, and pretty much everything else at Shop America. Sprint offers include 10% off of most recurring charges, waived application and upgrade fees plus discounts on phones and accessories. Members can get up to 30% off on computers and electronics from Dell. With Shop America, credit union members can get cash back when they use the site to shop at over 1,200 big name retailers including Target, Best Buy, Macy s, Home Depot and more. Stop surfing and start saving at LoveMyCreditUnion.org. Up d at e your Contact Information Moving? Just moved? Let us know where to reach you! We can only contact you using the information we have on file. If your information changes, please let us know! Click Customer Service in Online Banking after you log in. Go to Requests & Messages. Change of Address is on the left. Come into one of our 11 branches to update your information. Call us at Choose option 5 then option 2. (We will ask you questions to verify who you are.) Please make sure to give us your address. That s the fastest way for us to reach you with important information and soon you ll be able to sign for loans online. Try MECU s Ea s y Online Loan Application Yo u Get Yo u r Loan Faster! Did you know that you can apply for any MECU loan right online? Just click on the Apply for a Loan link on MECU s homepage under Quick Links. The processing of your application is even faster when we have your address! When we have your address, we can get loan documents to you right away rather than having to put them in the mail. You will even be able to sign them electronically and send them back to us by . This way you get your funds the fastest way possible. Online Membership Opening Would you like to apply for a MECU loan but haven t signed up to be a member yet? You can do that right on line also. Click on Become a Member under Quick Links and go through the various steps including how to fund your account. 5 On Your Account

7 MECU s Growing i n t o We a lt h Yo u n g Ad u lt Fi na n cia l Workshop Series Today s young adults have a lot to learn about managing finances in order to achieve their goals in life. To make it easier MECU s Young Adult Advisory Group developed the Growing into Wealth Young Adult Financial Workshop Series that started in This workshop series teaches young adults ages how to effectively manage their money and improve their finances. Because of their popularity these workshops are being offered again this year! This past spring, the workshops were held at MECU and topics included budgeting, credit, the difference between banks and credit unions, insurance, home ownership, and entrepreneurship. The series will start again this fall. Check MECU.com/wealth for announcements about our fall workshop series starting this October, or follow us on Facebook or Twitter to get the latest information. Coming Soon! Exciting changes to Online Banking. If you use online banking you will see changes in September to improve your experience. Th e Sa m e Old Sc a m s Are Still Catching People People are still falling for scams that have been around for years. It s easy to understand why. There are a number of people who are having a hard time financially so when someone offers them easy money they fall for the scam. With the secret shopper scam, scammers will mail a large counterfeit cashier s check or money order and ask the recipient to make several purchases to rate customer service. The secret shopper is told to cash the check and wire the majority of the funds via MoneyGram or Western Union, then keep the rest for their efforts. Get Social w i t h MECU! MECU wants to get social with you through our social networks. We re on Facebook and Twitter so please visit us and follow us! You will find us on Facebook at facebook.com/mecuofbaltimore and on You can quickly see the latest happenings around MECU and let us know what you think. It s also a quick way to find out what s happening if there s an emergency. We used our social networks often to keep people up to date when a water main rupture closed the main office. The NCUA and the FDIC require credit unions and banks to make funds available on cashier s checks and money orders within 1-5 days, so the scammers are counting on you receiving the funds and going through with the wire transfer before the check or money order has actually cleared the bank. By the time you find out that the check is not legitimate, you are out the money you sent and will be held accountable for the bounced check by your financial institution. Hav e yo u tried o u r Seton Branch ye t? Located at 4801 Seton Drive, Baltimore, MD 21215, this former Advance Bank branch has lots of free parking! Check out how convenient it is for many of our members. Summer

8 NEW BRANCH HOURS Want to see MECU in the community? Go to prsrt STD u.s. postage paid permit 2944 baltimore, md Corporate Offices 7 East Redwood Street Baltimore, MD Elmer Bernhardt Redwood Street Branch 7 East Redwood Street Baltimore, MD Mon/Tues/Wed 8:30-4:30; Thu 9:00-4:30; Fri 8:30-5:30 Fayette Remote Teller System 401 East Fayette Street Baltimore, MD Mon/Tues/Wed/Fri 8:00-4:00; Thu 9:00-4:00 Herman Williams Jr. Fallstaff Center Branch 6814 Reisterstown Road Baltimore, MD John T. O Mailey Hamilton Center Branch 2337 East Northern Parkway Baltimore, MD Charles L. Benton Jr. Westview Center Branch 5910 Baltimore National Pike Catonsville, MD Fallstaff/Hamilton/Westview Lobby: Mon-Thu 9-4; Fri 9-5:30; Sat 9-1 Drive thru: Mon/Tues/Wed/Fri 8:30-5:30; Thurs 9-5:30; Sat 9-1 Harry Deitchman PJM Business Center Branch 312 North Martin Luther King Jr. Boulevard, Baltimore, MD Mon-Wed 7:30-4; Thu 9-4; Fri 7:30-5:30; Sat 9-1 Loch Ridge Center Branch 8507 Loch Raven Boulevard Baltimore, MD Lobby and Drive thru: Mon-Fri 12-7; Sat 9-1 Dundalk Branch 7220 Holabird Avenue Dundalk, MD Mon-Thu 9-4; Fri 9-5:30; Sat 9-1 Commercecentre Branch 1777 Reisterstown Road Pikesville, Maryland Mon-Fri 12:00-7:00; Sat 9-1 Security Boulevard Branch 6669 Security Boulevard, Suite 5 Baltimore, MD Mon-Thu 9-4; Fri 9-5:30; Drive thru: Mon-Wed 8:30-5:30; Thurs 9-5:30; Fri 8:30-5:30 Seton Branch 4801 Seton Drive Baltimore, Maryland Mon-Thu 9-4; Fri 9-5:30; Sat 9-1 Drive thru: Mon-Wed 8:30-5:30; Thurs 9-5:30; Fri 8:30-5:30; Sat 9-1 Federally insured by NCUA Deposit Checks 24/7 Convenient Secure Free Get MECU s Mobile Banking App now Federally insured by NCUA